A Massachusetts tycoon has been left shaken after his stunning $20 million New England beachside mansion was robbed by a balaclava-clad goon.
The 27,000 square-foot beachside palace, known as 'Rock Edge', was broken into by an armed intruder in a balaclava mask around 5.50am on Saturday in Beverly, about 40 minutes North of Boston, according to police.
The Great Gatsby-style fortress is owned by Thomas J. Swann III, the Co-CEO & Director of The Swan Group, a family-owned holding company specializing in the manufacturing and distribution of plumbing, heating, water products, along with a portfolio in commercial real estate.
The former lawyer and investment banker, 57, shares the home with his husband, Joe Townley, 47, and their two sets of adorable twins.
None of them were at the home during the robbery but their female housekeeper was met with brutal violence on being spotted by the intruder.
He 'dragged' Swan's female housekeeper by her hair and tied her up in the garage before fleeing the scene in Swan's Porsche, Swan told The Boston Globe.
The caretaker, who was the only person in the home at the time of the incident, eventually broke free and ran to a neighbor's home, prompting a 911 call around 8.50am, police records reviewed by the outlet stated.
The luxury sports car was later located and recovered, but the suspect remains at large, authorities said.
'She was forced to move through the house at gunpoint, and at times dragged by her hair down staircases,' Swan told The Globe, adding that the intruder pistol-whipped his housekeeper.
Thomas J. Swann III, the Co-CEO & Director of The Swan Group, had his stunning $20 million home broken into in Beverly, Massachusetts, on Saturday morning. He is seen posing behind the home with his children
The unknown suspect raided the home, 'dragged' Swan's female housekeeper by her hair, and tied her up in the garage before fleeing the scene in a stolen Porsche, the homeowner said
The former lawyer and investment banker (left), 57, shares the home with his husband, Joe Townley (right), 47, and their two sets of adorable twins. None of them were at the home during the robbery
'She was in total shock,' the mogul said. 'It was extremely traumatic.'
The victim was transported to the hospital with non-life-threatening injuries and has since been released, officials said.
Swan said that his Porsche and other valuable items were stolen from his property, but said he could not specify what they were due to the ongoing investigation.
The Beverly Police Department and the Massachusetts State Police are actively investigating the robbery.
Swan's neighbors have also been left rocked by the intrusion, especially because violent crime is a rarity in the opulent area.
'It's just the most beautiful neighborhood,' Janet Riley, who lives across the street from the property, told The Globe.
Riley said she noticed commotion at the home as she glanced out of her windows on Saturday morning.
'I said, "Oh boy, I hope everybody's OK,' she recalled, adding that the mansion's front gates have remained closed since.
Other locals told the outlet that many residents spend the winters in their second or third homes, but staff, including maids, landscapers, and builders, are seen coming and going throughout the year.
Swan said he believes the incident involved someone who knew his home.
'It was probably someone familiar with the house,' he claimed.
When contacted for comment by the Daily Mail, the Massachusetts State Police said: 'There are no updates to report at this time.'
The Daily Mail contacted Swan and the Beverly Police Department for comment.
The picturesque property has deep historical roots and is best known for its breathtaking shoreline view.
It was commissioned in the early 1990s by Marian Sargent, a descendant of Thomas Jefferson, according to American Aristocracy.
Prior to Swan purchasing the mansion, Charlie Benevento lived there and oversaw a massive, multi-year renovation alongside interior designer Linda Zarifi.
The 11-bedroom, 14-bathroom home was then owned by the Alger family, Detroit-based industrial elites.
In 1940, Eleonora R. Sears, a legendary American tennis champion and socialite, lived in the home until her death in 1968.
Prior to Swan purchasing the mansion, Charlie Benevento lived there and oversaw a massive multi-year renovation alongside interior designer Linda Zarifi.
Benevento then put it on the market in 2021, selling for more than $18,000 - the most the home has ever sold for.